
Canyon Lake, California 92587
This Turnkey Single Family Residence is a Strong Value Opportunity, listed at $789,999—positioned well below the $817,585 Fair Market Value by 3%. This valuation gap offers $27,586 in Instant Equity for the buyer. Featuring a Condition Rating of 3, the home includes a Granite Kitchen, Panoramic Lake Views, and a 3-Car Garage. Located in the Lake Elsinore Unified district, this property is an ideal acquisition for Owner-Occupants or lifestyle-focused buyers seeking a move-in ready sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 22620 Blue Teal Subject | $789,999* List Price | 3 | 3 | 2,436 | $336 | - |
A 22761 Granite Dome Sold | $815,000 | 3 | 3 | 2,397 | $340 | 0.9 mi |
B 30291 Hiding Bass Place Sold | $1,000,000 | 2 | 3 | 2,500 | $400 | 0.1 mi |
C 22511 Cascade Sold | $754,900 | 3 | 3 | 2,168 | $348 | 0.4 mi |
D 29595 Longhorn Drive Sold | $732,000 | 3 | 2 | 2,213 | $331 | 0.9 mi |
E 30026 Big Range Sold | $985,000 | 3 | 3 | 2,585 | $381 | 0.7 mi |
F 22552 Canyon Club Sold | $675,000 | 4 | 3 | 2,572 | $262 | 0.2 mi |
G 30169 Gulf Stream Drive Sold | $800,000 | 4 | 3 | 2,356 | $340 | 0.7 mi |
H 22436 Pin Tail Active Under Contract | $699,900 List Price | 4 | 3 | 2,610 | $268 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1982, the home is in move-in ready condition with significant recent updates including new luxury vinyl plank flooring, new carpet, and fresh interior/exterior paint. Key systems are well-maintained with an 8-year-old HVAC and a recently serviced roof. The kitchen and baths are functional with granite counters and a new backsplash, meeting the criteria for a well-maintained property with 5-15 year renovation elements.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10454, living area = 2436.
The property is perched high above the East Bay Channel, offering breathtaking, unobstructed lake and mountain views from multiple decks and living spaces.
Meticulously maintained with significant recent upgrades, including fresh interior and exterior paint, new luxury vinyl plank flooring, new carpet, and a freshly tuned-up roof.
Built in 1982, the home may eventually require updates to its 40-year-old original infrastructure despite the recent cosmetic and maintenance improvements.
The $355 monthly association fee represents a significant ongoing carrying cost that may impact the budget of some prospective buyers.
GORGEOUS LAKE VIEWS, MOUNTAIN VIEWS Perched high above the East Bay Channel within the gated community of Canyon Lake, 22620 Blue Teal Dr offers breathtaking panoramic lake and mountain views, cool afternoon breezes, and an exceptional sense of privacy. This meticulously maintained 3 bedroom, 3 bathroom home showcases pride of ownership throughout, with fresh interior and exterior paint, new luxury vinyl plank flooring, new carpet, updated kitchen backsplash, beautifully maintained landscaping, and numerous recent improvements already completed for the next owner. The desirable floor plan features a downstairs bedroom and full bathroom with private slider access to the outdoors, a spacious living room with rock fireplace and custom mantle, granite kitchen countertops, walk-in pantry, crown molding, ceiling fans, mirrored closet doors, and an abundance of storage throughout. The expansive primary suite is a true retreat, featuring patio doors that open to a beautifully refinished covered deck with waterproof coating, where you'll enjoy stunning lake and mountain views, spectacular sunsets, and front-row seats to Canyon Lake's annual fireworks show. The primary bathroom offers a double sink vanity and generous storage, while the HUGE indoor laundry room includes a utility sink and extensive cabinetry. Outdoor living is exceptional with four separate patio, deck, and porch areas, each offering private spaces to entertain, relax, or enjoy your morning coffee while taking in the peaceful scenery. Additional highlights include an 8-year-old HVAC system, 3-car garage, boat parking, low-maintenance yard, freshly tuned up roof, ample street and driveway parking and a stand-up attic providing incredible storage opportunities. Ideally located just moments from Diamond Point Park and all the amenities Canyon Lake has to offer, this move-in ready home combines spectacular views, thoughtful updates, and meticulous care into one incredible opportunity. Don't miss your chance to own one of Canyon Lake's hidden gems.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 2,436 | 2,648 |
| Lot Size | 10,454 | 7,405 |
| Price | $790.0K | $763.2K |
| Price per sq ft | $324 | $356 |
| Built year | 1982 | 1984 |
| HOA | $355.0 | $350 |
| Days on market | 27 | 84 |
Jun 25, 2026
$789,999
Initial Listing
Jul 30, 2018
$440,000
Public Record
Nov 12, 2009
$240,000
Public Record